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Wed 30 Mar 2005, 14:45 Directors Dealings
Sovereign - Directors Dealings                                                  
SOVEREIGN FOOD INVESTMENTS LIMITED                                              
Incorporated in the Republic of South Africa                                    
Registration Number 1995/003990/06                                              
Share Code: SOV     ISIN Number: ZAE000009221                                   
(`Sovereign` or `the company`)                                                  
DIRECTORS DEALINGS                                                              
In compliance with section 3.63 to 3.74 of the Listings Requirements of the JSE,
the company gives notice of the following dealings by directors in Sovereign    
securities.                                                                     
Name of director:                              RB Spanjaard                     
Date of transaction:                           17 March 2005                    
Nature of transaction:                         Purchase                         
Number of shares:                              1 000 054                        
Class of shares:                               Ordinary                         
Effective price per share:                     R7.15                            
Total value:                                   R7 150 386.10                    
Nature and extent of director`s interest:      Indirect beneficial              
The interest of Spanjaard in the Sovereign securities arises via the acquisition
by him of shares in ARA Holdings (Pty) Ltd, which has an indirect interest in   
Sovereign.                                                                      
In line with principles of corporate governance adopted by Sovereign and in     
terms of section 3.66 of the JSE Listings Requirements, prior clearance to      
effect the placement was obtained from the board of the company.                
Rosebank                                                                        
30 March 2005                                                                   
SPONSOR                                                                         
Java Capital (Pty) Ltd
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